Following previous acquisitions by HYDAC of HYCOM B.V. and Hydrodynamics B.V. in 2013, on 5 June 2019, the acquisition of Elma B.V. in Soesterberg was signed by Thomas Kwaks, CEO of HYDAC B.V. and the former owners of Elma B.V., Dick Varel and Teunis van Vulpen.
Elma B.V. has been a specialist in the field of electrical drive & control technology since the 1930’s. They offer a wide range of technical products and services, customized solutions in the field of industrial automation, inspection and maintenance of rotating machines, advice and delivery of specialist motion control components. The acquisition also includes the purchase of Elro SRL. Elma founded sister company Elro in 2000. The company is located on the Black Sea in the Romanian town of Constanta, the sister city of Rotterdam and the gateway to Eastern Europe. Elro specializes in the assembly of control panels.
When determining the long-term vision for Elma, the most important consideration was to guarantee the continuity and the opportunities to grow as they have done in recent years. Finding a strategic partner that matched the existing vision was a condition for the intended growth. Elma found a valuable partner in HYDAC.
HYDAC B.V. with more than 200 employees and subsidiary of the German family-owned company HYDAC GmbH, has been a leading specialist in complete hydraulic systems and components for the offshore, dredging, aviation, mobile, civil, oil & gas and industry market in the Netherlands for over 25 years. The expansion with electric drives and controls makes HYDAC even stronger as a total supplier in drive technology. From engineering, simulation and production to commissioning and worldwide service. The acquisition was a logical choice for HYDAC to be able to take major steps into the future.
Elma and HYDAC serve the same customers, to a large extent, and where HYDAC had to outsource electrical engineering, they can now implement and offer this under their own management. The workforce for HYDAC will now be expanded to around 300 people. Former owners Van Vulpen and Varel remain as directors of the new HYDAC location. The business will continue to be conducted under the current names of Elma and Elro, but enriched with the HYDAC image, vision and unique customer focus.
Both companies are pleased with the acquisition and the possibilities that it will offer. The expansion will allow HYDAC to play an even more important position in total drive technology and to be able to offer its customers an even more complete package.
